Arkansas § 4-116-106 - Oral disclosures.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-116-106 — Oral disclosures., with citation guidance and answers to common questions.
§ 4-116-106. Oral disclosures.
If a consumer applies for a refund anticipation loan, the facilitator shall orally inform the consumer: That the product is a loan that lasts one (1) or two (2) weeks; That if the consumer's tax refund is less than expected, the consumer is liable for the full amount of the loan and must repay any difference; The amount of the refund loan fee; and The refund anticipation loan interest rate. If a consumer applies for a refund anticipation check, the facilitator shall orally inform the consumer: The amount of the refund check; and That the consumer may receive a refund in the same amount of time without a fee if the tax return is filed electronically and if the consumer directly deposits the refund in the consumer's own bank account. The disclosures required in this section shall be provided in the language primarily used for oral communication between the facilitator and the consumer.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-116-106
What does Arkansas Code of 1987 Annotated § 4-116-106 cover?
Section 4-116-106 ("Oral disclosures.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 4-116-106?
A common citation format is "Arkansas Code of 1987 Annotated § 4-116-106" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-116-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.